Operating Companies

AEROJET ROCKETDYNE HOLDINGS, INC.

(NYSE: AJRD)

5.5% owned*

Aerojet Rocketdyne Holdings, formerly GenCorp, is a technology based company that provides innovative solutions to its customers in the aerospace and defense markets.

*as of September 30, 2017

API Group

(NYSE: SPLP)

91.2% owned*

API is a leading manufacturer and distributor of foils, laminates and holographic materials which provide exceptional brand enhancement for consumer goods and printed media worldwide.

*as of September 30, 2017

Aviat

12.7% owned*

Aviat is the trusted expert in microwave networking. Better solutions from experts you can trust, Aviat enables the highest performing networks, simplest operations, and best customer experiences.

*as of September 30, 2017

FastenMaster

100% owned*

FastenMaster is a division of OMG, Inc. headquartered in Agawam, Massachusetts. Our company was founded in 1981.

From developing new products to innovating new building practices, the voice of the PRO contractor remains our guiding force.

*as of October 12, 2017

HandyTube Corp

100% owned*

HandyTube is a leading manufacturer of seamless, stainless steel and nickel alloy tubing for a wide range of applications and markets.

*as of October 12, 2017

iGo

45% owned*

iGo has been a provider of mobile accessories since 1995, offering premium power management solutions and accessories for laptop computers and electronic mobile devices that enhance the possibility of living life fully charged.

*as of September 30, 2017

IndianaTube Corp

100% owned*

Indiana Tube Corporation is a steel tube manufacturer specializing in welded, low carbon & HSLA steel tube.

*as of October 12, 2017

JPS Composite Materials Corp

100% owned*

JPS Composite Materials is an ISO-9001 certified US based weaver of composite reinforcement and ballistic protection fabrics. JPS Composite Materials includes the legacy Clark Schwebel and JPS Industrial Fabrics/JPS Glass operations.

*as of October 12, 2017

Kasco SharpTech

100% owned*

KASCO is the industry leader in providing metallic blade products for the meat cutting, food cutting, and wood cutting industries to the global market.

*as of October 12, 2017

Lucas-Milhaupt, Inc

100% owned*

Lucas-Milhaupt is a global provider and leading producer of metal joining products and services for thousands of companies worldwide.

*as of October 12, 2017

MTE Corp

100% owned*

MTE Corporation was formed in 1982 by bringing together Milwaukee Transformer Co., Transformer Design Inc. and Milwaukee Electronics Corp. – companies that specialized in different fields of magnetics and transformer designs and were long established in their respective fields.

*as of October 12, 2017

OMG

100% owned*

OMG is a leading US manufacturer and global supplier of specialty fasteners, adhesives, tools, and related products for the commercial and residential construction markets.

SL-MTI

100% owned*

MTI is a manufacturer and developer of precision, high performance electric motors, drives, and controllers in addition to precision winding components. We serve both the aerospace and commercial markets.

*as of October 12, 2017

SL Power Electronics

100% owned*

SL Power Electronics is a global leader of differentiated power conversion solutions. SL Power offers Original Equipment Manufacturers (OEM’s) turnkey power conversion solutions for their most mission critical applications, ranging from standard products to modified standard and completely custom solutions.

*as of October 12, 2017

Steel Connect

(NASDAQ GS: STCN)

46% owned*

Steel Connect, Inc. is a publicly-traded diversified holding company (Nasdaq Global Select Market symbol “STCN”) with two wholly-owned subsidiaries ModusLink Corporation and IWCO Direct that have market-leading positions in supply chain management and direct marketing.

*as of December 2017

STEEL EXCEL, INC.

100% owned*

Steel Energy provides well servicing, workover and other services to the oil and gas industry.

*as of February 7, 2017

Steel Sports

100% owned*

Founded in 2011, Steel Sports Inc., a subsidiary of Steel Excel Inc., is dedicated to acquiring, building, and strengthening a network of branded participatory and experience-based businesses engaged in sports, training, education, entertainment and consumer lifestyle.

*as of February 7, 2017

WEBBANK

100% owned*

WebBank is headquartered in Salt Lake City, Utah, and is an FDIC-insured, state-chartered industrial bank that provides customized consumer and commercial financing solutions on a nationwide basis. WebBank is a leading provider of closed-end and revolving private-label and bank card financing programs.

*as of September 30, 2017

Acquisition Interests

Steel Partners and its affiliates comprise a global diversified portfolio of product and service businesses. Together, our businesses generate over $3.4B in revenue, and employ over 13,300 employees in 18 countries. We are interested in growing our portfolio of publicly-traded and private companies through acquisition. We prefer profitable acquisition targets, but we will consider unprofitable bolt-on targets.